eu ai rules

 European Union officials worked into the late hours last week hammering out an agreement on world-leading rules meant to govern the use of artificial intelligence in the 27-nation bloc. The Artificial Intelligence Act is the latest set of regulations designed to govern technology in Europe destined to have global impact.Here's a closer look at the AI rules: WHAT IS THE AI ACT AND HOW DOES IT WORK? The AI Act takes a “risk-based approach" to products or services that use artificial intelligence and focuses on regulating…

EU lawmakers hope to agree on draft artificial intelligence rules next month, with the aim of clinching a deal with EU countries by the end of the year, one of the legislators steering the AI Act said.The European Commission proposed the AI rules in 2021 in an attempt to foster innovation and set a global standard for a technology, used in everything from self-driving cars and chatbots to automated factories, currently led by China and the United States."We are still in good time to fulfil the overall target and calendar…